First Quality Tissue building $954M production facility in Defiance County, creating more than 400 jobs

*Sonoco achieved fully diluted earnings per share of $1.32 *Continued near record results in the flexible packaging and the rigid paper container businesses in the Consumer Packaging (“Consumer”) and Industrial Paper Packaging (“Industrial”) segments *Inflationary pricing pressures continue to impact year-over-year demand in the Consumer segment *Generated $617 million of operating cash flow in the first nine months of 2023 due to strong GAAP Net Income and disciplined working capital management *Lowered full-year operating cash flow and free cash flow guidance based on lowered operating cash flow and lower capital expenses

Kruger Packaging announced investments of over $30 million to modernize its Place Turcot Containerboard Mill in Montréal. With this important transformation to be completed in 2025, the Place Turcot facility will be the first in North America to manufacture 100% recycled saturating kraft board, a product that is used to make high-pressure laminates for furniture, countertops and decorative paneling. In support of this innovative project, the government of Canada is contributing $10 million through the Investments in Forest Industry Transformation (IFIT) program, while the Québec government is providing a combined sum of more than $3 million through the Innovation Bois Program, as well as the ÉcoPerformance program, which stems from the 2030 Plan for a Green Economy. In addition to eco-friendly saturating kraft board, Place Turcot will make other specialty products from 100% recycled fibres, including gypsum board paper, customized board for residential construction, folding box board for FDA-compliant food packaging, and white top linerboard.

Smurfit Kappa Bag-in Box® developed the Thermo Bag to meet the specifications of hot filling which is a commonly used processing method in the drinks industry. During hot filling, the product is pressed, filtered, pasteurised, heated and filled at a high temperature to facilitate sterilisation and then immediately cooled for preservation and taste. This method has the advantage of extending shelf life, removing any harmful microorganisms, reducing costs and simplifying the process. Hot filling is widely used in the production of fresh (not from concentrate) apple juice which has grown increasingly popular due to its freshness and health benefits. Bag-in-Box® packaging is an attractive option for both consumers and producers because in addition to maintaining the product’s quality it is eco-friendly and cost-efficient. Click Read More below for additional information.